News coverage about Triangle Capital Corporation (NYSE:TCAP) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Triangle Capital Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 45.5271525091026 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Triangle Capital Corporation (NYSE:TCAP) traded down 1.03% during trading on Friday, reaching $12.46. The company had a trading volume of 118,139 shares. Triangle Capital Corporation has a 12 month low of $12.46 and a 12 month high of $20.35. The firm’s 50 day moving average is $13.65 and its 200-day moving average is $16.16. The company has a market capitalization of $594.90 million, a P/E ratio of 25.90 and a beta of 0.92.
Triangle Capital Corporation (NYSE:TCAP) last posted its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $31.20 million during the quarter, compared to analyst estimates of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. On average, equities analysts expect that Triangle Capital Corporation will post $1.67 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Triangle Capital Corporation in a research note on Tuesday, October 17th. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price objective (down previously from $23.00) on shares of Triangle Capital Corporation in a research note on Wednesday, August 9th. National Securities lowered their price objective on Triangle Capital Corporation from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Hilliard Lyons raised Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, October 18th. Finally, JMP Securities lowered Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.86.
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Triangle Capital Corporation Company Profile
Triangle Capital Corporation is an internally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that provides customized financing to lower middle market companies located primarily in the United States. The Company’s investment objective is to seek attractive returns by generating current income from its debt investments and capital appreciation from its equity-related investments.
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